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Yankees Interested In Nathan Eovaldi

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The top remaining free agent pitcher, Carlos Rodón, reportedly prefers the Yankees as his future club. They are interested in him as well, but the problem is that Rodón is seeking a deal of seven years or more at a significant salary while the club would prefer to keep it down to four or five years. Jon Heyman of The New York Post reports that they will try to find a compromise but that the Yanks will also be considering Nathan Eovaldi as a backup plan.

Starting pitchers have been flying off the board in recent weeks, leaving Eovaldi as one of the best ones still out there. Over the past few seasons, Eovaldi has oscillated between being a very effective hurler and extended injury absences. After establishing himself in the majors with the Dodgers, Marlins and Yankees, he required Tommy John surgery late in 2016, wiping out the remainder of that season and the following one.

The Rays signed him for that 2017 season he was going to miss, with a $2MM option for 2018 that they eventually triggered. Up until that time, he had shown a powerful arm but without the strong results to match. He had a 4.21 ERA at that point in his career with a 17% strikeout rate. But 2018 proved to be a huge pivot point for him. He tossed 111 innings on the year with a 3.81 ERA and 22.2% strikeout rate. That included a midseason trade to the Red Sox, with Eovaldi going on to toss 22 1/3 innings in the postseason with a 1.61 ERA and 18.8% strikeout rate, helping the club win the World Series.

Those postseason heroics resulted in him returning to the Sox on a four-year, $68MM deal. Over the course of that contract, he’s continued to produce strong results but also deal with injuries. In 2019, he missed significant time due surgery to clean up loose bodies in his elbow. He was only able to log 67 2/3 innings that season with a 5.99 ERA. He bounced back in the shortened 2020 campaign, making nine starts with a 3.72 ERA, though he did miss time due to a calf strain.

He stayed healthy in 2021 and made 32 starts, posting a 3.75 ERA with a 25.5% strikeout rate. In 2022, injuries caught him again, as he went to the IL twice, once for back inflammation and once for shoulder inflammation. He still made 20 starts on the year with a 3.87 ERA and 22.4% strikeout rate, strong results but a concerning step back that came with diminished velocity. He averaged around 97 MPH in the first three years of his Boston deal but dipped to 95.7 MPH in 2022.

Despite that injury track record and Eovaldi’s rejection of a qualifying offer, MLBTR still predicted he would land a solid two-year contract worth $34MM, or $17MM per season. The free agent market has generally been quite strong this offseason, with many players outpacing their projections. It wouldn’t be a shock to see Eovaldi, who turns 33 in February, push for a third year or a higher average annual salary. Outside of him and Rodón, some of the best remaining starters on the open market are Noah Syndergaard, Michael Wacha, Corey Kluber, Drew Rucinski, Johnny Cueto, Drew Smyly and others. Those are still some quality arms but the options for a true impact upgrade for the rotation of a competitive team are dwindling.

For the Yankees, they don’t strictly need a starter, given that their rotation is in good shape. Ace Gerrit Cole should be followed by Nestor Cortes, Luis Severino and Frankie Montas, with one spot available for either Domingo Germán or Clarke Schmidt. Adding another pitcher like Rodón or Eovaldi would bump Germán and Schmidt down the chart while also providing some cover in case Severino or Montas struggle to stay healthy like they did in 2022.

The payroll might be an issue, however, as it’s been suggested that the club would prefer to stay under the third tier of the competitive balance tax, which is $273MM. By crossing that line, the financial penalties would increase and the club would also see its top 2023 draft pick moved back ten slots. Roster Resource currently pegs the club’s payroll at $250MM with a CBT figure of $266MM. A mega deal for Rodón or even a more modest one for Eovaldi would send the club well beyond that third tier and could even push them close to the $293MM top tier. With other needs around the roster, including left field and the bullpen, whether the Yanks actually have an appetite for a rotation splurge remains to be seen.

Eovaldi has been connected to the Blue Jays this offseason, though that was before they signed Chris Bassitt. There’s also been rumors of a return to Boston though the latest reporting indicated he wasn’t a top priority for the club.

Latest On Carlos Rodon’s Market

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10:42pm: The Yankees have indeed put forth an offer to Rodon, Heyman writes. There’s apparently still a fair bit of work to do in order to get a deal done, as Heyman indicates there’s a notable gap between New York’s proposal and Rodon’s asking price.

2:55pm: Carlos Rodon is the clear top pitcher remaining on the open market, and despite a lofty asking price reportedly in the $200MM neighborhood, multiple clubs remain in pursuit of the left-hander. Jon Heyman of the New York Post reported yesterday that the Yankees are prepping a formal offer for Rodon, and Brendan Kuty of NJ.com now tweets that the Yankees appear to be Rodon’s preferred landing spot. However, Kuty adds that both the Twins and the Cardinals both remain “seriously in play” for the southpaw as of this afternoon. Meanwhile, Susan Slusser of the San Francisco Chronicle tweets that even after agreeing to identical two-year, $25MM deals with both Ross Stripling and Sean Manaea this week, the Giants are still involved in Rodon’s market.

The Twins’ interest in Rodon is perhaps contingent on the looming decision of Carlos Correa who, like Rodon, is represented by the Boras Corporation. Dan Hayes of The Athletic suggests that Correa remains the Twins’ top priority, though he adds that the team nonetheless made a pitch to Rodon earlier in the month (Twitter thread). Given that the Giants are viewed as Minnesota’s primary competition for Correa, it’s fair to wonder whether both clubs might be prioritizing Correa with the intent of pivoting to Rodon should they be spurned by Correa. That both players have the same agent makes concurrent negotiations a smoother process.

After agreeing to a three-year deal with free-agent catcher Christian Vazquez yesterday, Minnesota projects to about $107MM in total commitments for the upcoming season. That’s well shy of the more than $140MM they spent on last year’s Opening Day roster, but not so far south of the mark that it becomes easy to envision a scenario in which both Correa and Rodon sign on to call Target Field home. The Twins have drawn interest in right fielder Max Kepler this winter, but even in the event of a Kepler deal coming together, a Correa/Rodon combo would push Minnesota well past $150MM in total payroll for the first time in franchise history and would likely lock them into $75-80MM worth of annual commitments to the trio of Correa, Rodon and Byron Buxton.

The Giants, meanwhile, are roughly $43MM from their franchise-record Opening Day payroll even after their deals with Stripling and Manaea. Similarly, though, it’s difficult to see both players landing in San Francisco. The Giants are already a bit north of $180MM in terms of luxury obligations, and that pairing would likely push them into tax territory for the first time. That said, the Giants have topped $200MM in payroll before, and the only player currently signed beyond the 2024 season is Mitch Haniger, who’s signed through 2025. The Giants have been averse to long-term contracts under president of baseball operations Farhan Zaidi, though they made hefty bids for both Aaron Judge and Bryce Harper under his watch.

As for the Cardinals, they were linked to Rodon this past weekend, and Kuty paints them as a fairly prominent player in the bidding. The Cards would make for something of a surprise bidder, having already spent $87.5MM to bring Willson Contreras to St. Louis on a five-year contract. Signing Rodon would likely mean doling out the largest commitment in franchise history and pushing payroll to height never before seen in St. Louis. The Cardinals’ current record for Opening Day payroll is a bit more north of $163MM, in 2021, but they’re already at that rough level right now Rodon could well take them north of $190MM.

Circling back to the Yankees, they at one point reportedly hoped to limit any Rodon deals to four or five years in length, though that doesn’t seem likely to get them in the ballpark. With Judge and Cole both locked into a combined $76MM in annual commitments through the 2028 season (2029 in Judge’s case), adding Rodon to the mix would require budgeting more than $100MM annually for a trio of players for at least the next six years. Giancarlo Stanton is under contract through 2027, as well, further complicating the long-term scenario for Rodon.

At present, Roster Resource projects a $266MM luxury-tax ledger for the Yankees. They’re already set to pay the tax for a second straight season, so they’ll owe $6MM on the first $20MM by which they cross the $233MM threshold and $8.5MM on the next $20MM. Once they reach $273MM in luxury obligations, they’ll be taxed at a rate of 75%, and they’d be taxed at 90% on any dollars beyond the $293MM mark.

Speculatively penciling in an even $30MM AAV (which could, of course, be off by a few million dollars one way or another), the Yankees would jump from their currently projected $11.74MM of penalties all the way up to about $32.65MM in penalties. In other words, they’d pay an approximate $21MM in taxes on top of Rodon’s actual salary for the 2023 season. Passing the luxury threshold by more than $40MM would also drop the Yankees’ top pick in the 2023 draft by 10 places, and any Rodon deal would make it quite difficult to drop under the tax line (and avoid even steeper tax rates as a third-time offender) in 2024.

Yankees Sign James Norwood To Minor League Deal

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The Yankees have signed right-hander James Norwood to a minor league deal, according to Jack Curry of YES Network. Norwood will presumably receive an invite to major league Spring Training, though no official announcement has been made.

Norwood, 29 later this month, has seen limited big league action in each of the past five seasons. Spending time with the Cubs, Padres and Phillies, he’s tallied a combined 44 1/3 innings over those seasons with a 5.48 ERA. In 2022, he threw 17 1/3 frames with an ERA of 8.31, though likely deserved better. His 25.9% strikeout rate was strong and his 10.6% walk rate high but within range of average. A .423 batting average on balls in play and 53% strand rate surely added some extra earned runs to his ledger.

It was a fairly similar story in Triple-A, with the righty posting a 4.87 ERA in 20 1/3 innings. He struck out 27.3% of batters faced but was undone by a 12.5% walk rate, .358 BABIP and 56.7% strand rate.

Norwood will provide the Yanks with an experienced depth option and also a local connection. As noted by Curry, he went to All Hallows High School in the Bronx, just a couple of blocks away from Yankee Stadium. Norwood is out of options and will have to hang onto a roster spot if he earns one, or else be designated for assignment.

Yankees Preparing To Make Formal Contract Offer To Carlos Rodon

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The Yankees are expected to put forth a contract offer to Carlos Rodón in the coming days, reports Jon Heyman of the New York Post. Heyman has suggested on a few occasions the Yankees have serious interest in the top free agent starter remaining, and putting a formal proposal on the table would mark a notable step in that pursuit.

Terms of the proposal aren’t clear, though Heyman reiterates that New York is reluctant to offer the seven-plus guaranteed seasons the southpaw and his representatives at the Boras Corporation reportedly seek. A seventh year is a lofty goal for Rodón’s camp, assuming they’re not banking in a notable dip on an annual basis to compensate for the longer term. That doesn’t appear to be the case, as Heyman writes they’re looking for a deal that tops $200MM in guarantees.

That’s rare territory, as only six pitchers have surpassed the $200MM mark. Gerrit Cole stands head and shoulders above the pack at $324MM over nine years, with the rest of the group checking in between $206.5MM and $245MM. Stephen Strasburg, David Price, Clayton Kershaw, Max Scherzer and Zack Greinke are the only other hurlers to reach that level. A handful of additional free agent pitchers (Kevin Brown, Mike Hampton, CC Sabathia and Barry Zito) have reached seven-plus years on deals under $200MM, but that’s itself a rare occurrence for a pitcher.

At the start of the offseason, MLBTR predicted a five-year, $140MM guarantee for Rodón. The free agent rotation market has generally been more robust than anticipated, and at least a six-year deal now seems very attainable for the two-time All-Star. Landing a seventh season at an annual salary below that projected $28MM — thereby decreasing the deal’s average annual value and lowering the luxury tax hit for a signing team — could be on the table. That’s been a common strategy this offseason, with Trea Turner, Xander Bogaerts and Brandon Nimmo all taking slight discounts on a per-year basis for very long deals with larger guarantees than forecasted. The best of both worlds for Rodón, of course, would be a seven-year term that doesn’t relinquish anything on an annual basis. It remains to be seen if a team will go to those lengths, with a seven-year pact requiring at least $28.57MM in annual salary to get to $200MM total.

Rodón is the only free agent ace still available. Jacob deGrom and Justin Verlander were the two free agent hurlers who could rival or best Rodón from a performance perspective. Their ages limited them to shorter deals (five and two years, respectively) than the one Rodón is seeking. At age 30, the former third overall draftee has arguably the best combination of performance track record and youth among this year’s class of hurlers. However, he’s not without some question marks as a player with a Tommy John surgery and a shoulder procedure on his injury history.

The North Carolina State product stayed healthy in 2022, tossing a career-high 178 innings of 2.88 ERA ball for the Giants. He was brilliant for a second straight season, striking out a third of opponents with solid control. On a rate basis, he’s one of the sport’s top pitchers, but he doesn’t have the workload track record of any pitcher who’d previously gotten to $200MM.

Cole, Strasburg, Price, Kershaw, Scherzer and Grienke had all had multiple seasons with 200+ innings pitched prior to inking their megadeals; Rodón has never gotten to that level. Workload for starting pitchers continues to dwindle, though, and it stands to reason teams will increasingly value per-inning performance while weighing workload volume less as expectations for pitcher roles change.

New York and the incumbent Giants have been tied to Rodón on a few occasions, and Heyman added the Cardinals as a team with interest over the weekend. The Rangers, Mets and Blue Jays were tied to him earlier in the offseason, but Texas later added Andrew Heaney to join deGrom while Toronto agreed to terms with Chris Bassitt this evening. The Mets landed each of Verlander, José Quintana and Kodai Senga. The Orioles, Red Sox and Twins have also been very loosely linked to Rodón in prior reports, although the extent of the interest of all three clubs isn’t clear.

Yankees Have Discussed Outfield Trades With Twins, Diamondbacks

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The Yankees have had trade discussions with the Twins and Diamondbacks about their available outfielders, reports Joel Sherman of The New York Post.

The Yankees already have two of their outfield positions accounted for, with Harrison Bader in center and Aaron Judge in right. There’s less certainty in left field, however, with Andrew Benintendi having departed via free agency. That leaves Aaron Hicks and Oswaldo Cabrera as the remaining in-house options. Hicks is now 33 years old and has hit a combined .211/.322/.317 over the past two seasons. For a team in win-now mode like the Yankees, it’s understandable that they don’t want to rely on him as an everyday option. Cabrera just made his major league debut and only has 44 games under his belt. He fared well in that time but is a natural infielder who was learning outfield on the fly, meaning he’s probably best utilized as a utility option as opposed to an everyday player.

The desire for the Yanks to upgrade there is logical, as is their choice of trade partners. It was recently reported that the Twins had received some trade interest on Max Kepler, given that they have a large number of other outfield options on the roster. Trevor Larnach, Alex Kirilloff, Kyle Garlick, Gilberto Celestino, Royce Lewis, Nick Gordon, Matt Wallner and Mark Contreras are all options to join Byron Buxton in the Minnesota outfield. Since all of those guys apart from Buxton and Kepler have less than three years of MLB service time, it’s likely that the Twins would have some reluctance to parting with them.

Kepler, on the other hand, has one year remaining on his extension, though with a club option for 2024. He’ll be making a salary of $8.5MM in 2023 with a $1MM buyout on the $10MM option. Kepler has hit right around league average for his career, as his .232/.317/.427 batting line amounts to a wRC+ of 101. However, his defense has allowed him to be a consistently productive player. He’s produced at least 2.0 wins above replacement in each of the last six full seasons, according to FanGraphs, in addition to adding 1.1 fWAR in 2020.

As for the Diamondbacks, they are also flush with young outfielders that have reportedly been popular in trade talks. Corbin Carroll is considered one of the best young players in the game and is the least available of the group. But aside from him, the club has Daulton Varsho, Jake McCarthy, Alek Thomas, Pavin Smith, Dominic Fletcher and Kyle Lewis in their outfield picture. Aside from Lewis, those guys all hit left-handed, as does Kepler.

A left-handed hitter would be a good fit in the Yankee lineup for a couple of reasons. First of all, the lineup skews right-handed, with Anthony Rizzo the only lefty who is currently likely to get regular playing time. Secondly, the club’s “short porch” in right field traditionally boosts the value of lefty hitters. With the upcoming ban on infield shifts for 2023, a lefty in pinstripes could sell out for hard contact and not have to worry as much about watching liners and grounders get swallowed up by the defense.

As for their preferences for a target, Sherman suggests the Yankees would prefer Varsho to Thomas. That’s not a surprising choice to make, given Varsho’s strong breakout campaign in 2022. He hit 27 home runs and stole 16 bases, producing an overall batting line of .235/.302/.443 for a wRC+ of 106. Varsho was also excellent in the field, with his all-around game leading to a 4.6 fWAR tally on the year. Thomas, meanwhile, hit just .231/.275/.344 in his MLB debut, leading to a wRC+ of 71. He was also strong on defense and was only 22 years old, turning 23 in April. He could still blossom into a great major leaguer but it might still take some time.

Of course, the Yanks won’t be alone in calling these clubs about their attractive outfielders. The previous reporting on the D-Backs had already listed the Brewers, Blue Jays, A’s, Marlins, White Sox and Reds as interested, while Sherman notes that the Mets were on the phone as well. They reportedly were trying to acquire Thomas, but when Arizona asked for prospect Brett Baty, the Mets decided to hang onto him and just sign Nimmo instead. If the Mets found the asking price on Thomas to be too high, it’s fair to wonder if the Yanks would want to pay it or go even higher for Varsho.

If the Yankees don’t find a deal to their liking on the trade market, Benintendi is still a free agent. Though he’s not quite the superstar who seemed to on the way to becoming earlier in his career, he’s still a solid regular. He only hit five home runs in 2022 but was solid in the field and hit .304/.373/.399 for a 122 wRC+ and 2.8 fWAR. MLBTR predicted he could land a contract of $54MM over four years, or $13.5MM per season. Sherman reports that Benintendi is looking for a five-year deal and it wouldn’t be a shock to see that come to fruition. Many players have landed much longer deals than expected this offseason, with each of Trea Turner, Xander Bogaerts and Brandon Nimmo getting deals at least three years longer than projected. With Judge and Nimmo off the board, Benintendi is arguably the top remaining outfielder on the open market, which might lead to his market picking up soon.

It’s possible that the competitive balance tax might play a factor in a free agent pursuit, as Sherman opines that the Yankees might prefer to stay under the third CBT tier of $273MM. By crossing that line, the financial penalties would go up and the club would see its top 2023 draft pick pushed back by ten slots. Roster Resource currently pegs their CBT number at $266MM, meaning that adding Benintendi or any other notable player could lead to the club attempting to find ways to shed salary, such as trying to trade Hicks or Josh Donaldson.

Latest On Padres’ Pursuit Of Aaron Judge

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The Padres were known to have made a spirited run at Aaron Judge between their pursuit of Trea Turner and eventual agreement with Xander Bogaerts. Bob Nightengale of USA Today suggested this week the Friars were prepared to put forth an offer around $400MM (Twitter link). Ken Rosenthal of the Athletic wrote they never formally made such an offer, but it’s clear the San Diego front office had at least contemplated a proposal that would have topped the offers made by both the Giants and Yankees.

Jon Heyman of the New York Post added some clarity on the matter last night, reporting the Padres were preparing an offer to Judge that’d have reached or exceeded $400MM over a whopping 14-year term. However, Heyman further hears Major League Baseball would have been prepared to veto such an arrangement if the sides had agreed upon it. Of course, it proved to be a moot point once Judge decided he wanted to return to the only organization he’s ever known.

MLB vetoing a record-breaking contract would’ve made for a fascinating story. The league’s justification for doing so would’ve been the contract length was an artificial means for the team of working around the competitive balance tax. A team’s luxury tax number is calculated by adding the average annual values of their commitments (plus player benefits and teams’ contributions to the pre-arbitration bonus pool). The luxury tax hit of any contract is evenly dispersed over the course of the deal regardless of the actual payout of the salaries or bonuses.

If we assume the Padres’ prepared offer was for exactly $400MM over 14 years, the deal would’ve come with an AAV around $28.57MM. That’s true no matter if the money were evenly distributed, frontloaded or backloaded. A $400MM guarantee would have handily topped the $365MM Mookie Betts received on his Dodgers extension and the $360MM in new money on the Mike Trout deal, establishing itself as the largest guarantee in MLB history. Distributing it over a 14-year term, however, would put the $28.57MM average yearly salary outside the top 20 in history.

A lower-payroll team may prefer to stretch a deal an extra season or two to lower their annual payment, but MLB’s concern is the Padres’ offer would’ve been done specifically as a means of circumventing the luxury tax. The Padres have paid the CBT in each of the last two years, and they’re certain to do so again in 2023. The Padres entered the week with their CBT number for 2023 hovering right around the $233MM base threshold. San Diego is responsible for a 50% tax on their first $20MM above the threshold and 62% of their next $20MM in overages, with further penalties thereafter.

Offering something like the nine-year, $360MM deal to which Judge actually agreed with the Yankees would’ve come with a $40MM AAV that stuck the Friars with approximately $22.4MM in taxes. Conversely, a 14-year, $400MM offer would’ve come with an additional tax bill around $15.3MM. The lower number on that contract would’ve also come into play if San Diego had made further additions to the payroll, with the Friars starting at a lesser CBT figure when calculating the tax hit associated with their subsequent pickups.

It’s understandable MLB would be wary of a blatant workaround to the luxury tax, which is designed to disincentivize spending among teams with already large payrolls. Yet it’s also somewhat curious to hear they’d have stepped in to veto that kind of proposal to Judge considering some large-market teams have already increasingly taken to a variation of this strategy: longer-term deals at comparatively lesser annual salaries to lower the CBT obligations.

The Padres themselves pivoted to something very similar the day after Judge turned them down. Bogaerts’ $280MM contract was spread over 11 years. The week before that, the Phillies (another team that paid the CBT in 2022 and is likely to do so again next year) stretched to 11 years to land Turner on a $300MM deal. A few years ago, Philadelphia went to 13 years to ink a then-record $330MM free agent deal for Bryce Harper.

Those commitments of more than a decade for superstars are the most obvious examples of stretching contracts longer than most had anticipated, but one could argue it sometimes occurs for the next tier of player as well. Brandon Nimmo was generally expected to land a five or six-year guarantee this offseason. The Mets went to eight years and $162MM, dropping the AAV to just above $20MM but pushing the total guarantee beyond the anticipated range. Two offseasons ago, the Yankees stretched a $90MM guarantee over six seasons (a $15MM annual salary that was below general expectations) for DJ LeMahieu, who was entering his age-32 season at the time. MLB has approved or is expected to approve — Nimmo’s deal has technically not yet been announced — all those contracts. The top free agent starter remaining, Carlos Rodón, is reportedly looking for a seven-plus year deal this offseason. It’s possible large-market teams will view a lengthier term as more desirable, if Rodón correspondingly drops his ask on per-year salary, for this reason.

Clubs have also built in workarounds for luxury tax purposes on contracts for role players via low-cost player options. Player options are treated as guaranteed money for CBT purposes. Tacking on a player option at the end of a contract thus adds an extra year with regards to determining its average annual value. Frontloading a contract and then attaching a lower-salaried player option at the end serves as an effective tax end-around as well. The player receives the bulk of the money on the deal during the guaranteed seasons and generally anticipates declining the player option. Injuries or underperformance could change that calculus, but the understanding of all involved at the time of the deal is that one of the purposes of the option year is to lessen the AAV.  The Mets (Taijuan Walker), Astros (Jake Odorizzi) and Yankees (Justin Wilson) have all handed out some variation of this contract in recent years. In each instance, MLB has accepted that transaction.

Of course, the league isn’t in position to preemptively create fixed rules to govern how much tinkering with the AAV constitutes luxury tax manipulation. MLB is left to evaluate things on a case-by-case basis. A 13-year deal for Harper that runs through his age-38 season was acceptable, as was an 11-year pact that goes through Turner’s age-40 campaign. A 14-year contract to take Judge through his age-44 season would evidently not have passed muster.

The Judge situation at least raises the possibility of MLB intervening on future deals it considers to be circumventions of the tax. That’d have the potential to lead to a battle with the union. The 2017-21 collective bargaining agreement mandated that all contracts be submitted to the Commissioner’s Office for approval. If the league rejected an agreed-upon deal, the MLB Players Association would have the right to file a grievance challenging the ruling. The new CBA has not yet been released in full, but there’s no indication that provision was altered. It won’t end up mattering in this instance with the defending AL MVP headed back to the Bronx, but it’s an interesting subplot to the negotiations for this winter’s top free agent.

Carlos Rodón Seeking Seven-Year Deal

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The Yankees are one of many teams known to be interested in lefty Carlos Rodón, but Jon Heyman of The New York Post reports that they would prefer to limit him to a four- or five-year deal. That might be a problem, since Susan Slusser of the San Francisco Chronicle reports that Rodón is looking for at least seven years. Reporter Marino Pepén says the Red Sox are interested, though the extent of interest isn’t clear.

Just a few days ago, it had been reported that Rodón was seeking a six-year deal, but there may be good reasons why he’s upped his ask. The free-agent market has been broadly aggressive, with many of the top free agents going well beyond expectations in terms of contract length.

In recent offseasons, teams have generally cut off guarantees to position players in their age-37 seasons, but Aaron Judge got a nine-year deal taking him through age-39. Trea Turner and Xander Bogaerts each landed 11-year deals that run into their 40s. Brandon Nimmo will be paid through age 38 with the Mets. Pitchers, meanwhile, have struggled to land guarantees beyond their age-36 season (with older veterans like Max Scherzer and Justin Verlander standing as exceptions for obvious reasons), but Jacob deGrom signed through age 39 in Texas. The length of all those deals is generally rooted in lowering the luxury-tax hit, though, and Rodon’s ostensibly new goal of seven-plus years could be a matter of falling in line with that broader market trend.

DeGrom and Rodón are somewhat analogous, though not the exact same. Both are extremely talented pitchers with some injury concerns in recent years. DeGrom is arguably the best pitcher alive when healthy but missed over an entire year from mid-2021 to mid-2022 due to forearm and scapula injuries.

Rodón is much younger, as he will turn 30 years old tomorrow. Injuries limited him to just over 40 combined innings in 2019 and 2020 and the concern was high enough that the White Sox actually non-tendered him after that. There were enough red flags that he had to settle for a one-year, $3MM deal to return to the Sox. He’s been on a straight upward trajectory since.

Rodón tossed 132 2/3 innings in 2021 with a 2.37 ERA and excellent 34.6% strikeout rate. He seemed to run out of gas down the stretch, leaving some lingering health concerns as he returned to free agency. He didn’t get a qualifying offer and had to “settle” for a two-year, $44MM deal with the Giants, though one that gave him a chance to opt-out after the first campaign. He pushed further away from the injury worries by making 31 starts and logging 178 frames with a 2.88 ERA and 33.4% strikeout rate. He made the easy decision to opt out and also reject a qualifying offer from the Giants.

The fact that Rodón is now reasonably seeking a seven-year deal is nothing short of remarkable, given where he was just two years ago. It’s also not surprising that he’s looking to strike while the iron is hot, given the ups and downs he’s had in his career. Still, contracts of this length for free agent pitchers are quite rare. Gerrit Cole got nine years but with a much stronger record of health than Rodón. Prior to that deal, he had made at least 19 starts for seven straight seasons and at least 32 in the previous three. Kenta Maeda got eight years when coming over from Japan, but that was a unique situation. Maeda was going into his age-28 season but had some health concerns, leading the Dodgers to give him a modest $25MM guarantee spread out over eight years but with $10MM in incentives available each year that Maeda could trigger by staying healthy.

There are a handful of aces that have gotten to seven years, including Max Scherzer, David Price, Stephen Strasburg, CC Sabathia and Masahiro Tanaka, the latter of whom was only 25 at the time and is hardly a similar situation. Strasburg had dealt with some injuries but was coming off a World Series MVP performance that pushed his bidding up. The others in that group, similar to Cole, had fairly solid records of health and durability. As great as Rodón has been for the past two seasons, any seven-year deal would generally be rarefied air for a pitcher.

Now, with this offseason’s trend of utilizing longer contracts to tamp down AAV (and, thusly, luxury-tax penalties), it seems more plausible than before that Rodón might indeed command seven-plus years. Initial reports indicated that he was seeking six years with a $30MM+ annual salary. If Rodón and agent Scott Boras are fixated more on the contract’s total than on its length, then spreading that, say, $175-200MM goal out over a period of seven, eight or even nine years would greatly reduce the potential luxury penalties for whichever team signs him. That’s more a concern if he signs with a major-market club that regularly finds itself in luxury peril (e.g. Yankees, Red Sox) than if he were to sign with one of his reported suitors that has never held much of an appetite for the luxury tax (e.g. Twins, Orioles).

The Yankees are clearly willing to spend, as they just gave Judge a record-breaking $360MM guarantee. How much they want to continue spending, however, is an open question. Roster Resource currently pegs the club’s payroll for next season at $250MM with a competitive balance tax figure of $266MM. That already places them beyond last year’s Opening Day payroll of $246MM, per Cot’s Baseball Contracts, and beyond the second tier of luxury tax penalization. The tiers begin at $233MM next year and go up in $20MM increments to $293MM. Adding $25-30MM for Rodón would push them near or above that top penalty threshold.

The club doesn’t strictly need an elite starter like Rodón, but he would certainly be an upgrade for any rotation in the game. The Yanks currently have Cole, Luis Severino, Nestor Cortes and Frankie Montas for four spots with solid options for the last spot including Domingo Germán and Clarke Schmidt. That’s a solid group, but Montas and Severino both have some recent injuries that make them question marks going into next season, so there would be plenty of sense in adding another arm and pushing some guys down the depth chart. The question will be whether the Yanks would prefer paying the price for an ace like Rodón as opposed to turning to mid-rotation options like Chris Bassitt or Sean Manaea.

If Rodón indeed is open to seven or more years in order to obtain the contract total he’s eyeing, that would be an interesting situation for the Yankees to ponder. They already have expensive contracts for Cole and Judge on the books for the next six and nine years, respectively. Giancarlo Stanton has five years left with a $25MM club option for 2028 with a $10MM buyout. Adding a lengthy deal for Rodón would likely mean their 2028 payroll would already be well beyond $100MM.

The Red Sox, on the other hand, have plenty of space before thinking about the tax. Roster Resource currently has their payroll at $172MM and their CBT figure at $192MM. That leaves them about $40MM away from the lowest threshold, meaning they could add Rodón with room to spare. There would be plenty of sense in adding to their rotation given all the question marks they have there. Nick Pivetta is probably the only solid member of their group right now, as Chris Sale and James Paxton have hardly pitched in the past three years. Brayan Bello and Garrett Whitlock are penciled into two spots, though they are young and only have 20 MLB starts between them. They also have other areas worth addressing on the roster, such as catcher and figuring out how to deal with the departure of Bogaerts from their infield. Long-term, they have Story and Masataka Yoshida locked in for the next five seasons but nothing guaranteed for 2028.

D-Backs’ Outfielders Drawing Widespread Trade Interest

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The Diamondbacks have an interesting stockpile of upper level outfielders from which they’re largely expected to deal. General manager Mike Hazen and his staff have long signaled a willingness to field offers to upgrade other areas of the roster and they’re unsurprisingly drawing attention from a host of teams.

Nick Piecoro of the Arizona Republic reports roughly 10 clubs have been in touch with Hazen and company regarding at least one of the team’s outfielders. Piecoro lists the Yankees, Brewers, Blue Jays, A’s, Marlins, White Sox and Reds as clubs with interest, while both Piecoro and Chandler Rome of the Houston Chronicle report the Astros are in the mix.

Arizona has a number of players that could draw interest, and it stands to reason different teams have varied preferences on the group. Corbin Carroll is arguably the top prospect in baseball, and both Piecoro and Ken Rosenthal of the Athletic have suggested recently he’s off the table in trade discussions. Carroll’s presence gives the Snakes a potential franchise center fielder, though, freeing them up to listen to offers on their other outfielders.

Daulton Varsho is the most established of the group, and he’d be the toughest to pry from the desert. The 26-year-old got off to a slow start offensively in the majors, but he broke through in his third season. Varsho connected on 27 home runs with a .235/.302/.443 line across 592 plate appearances in 2022. That’s slightly better than average production at the plate, and he offers immense value in other areas. Varsho stole 16 bases (albeit with six failed attempts as well), and he has emerged as one of the game’s best defensive outfielders.

Also an intermittent catcher at times in his career, he’s acclimated to outfield work incredibly well. Varsho’s an above-average runner, and Statcast credits him with elite reads off the bat. By its Outs Above Average metric, Varsho made an estimated 18 more plays than expected in his 920 1/3 innings between center and right field this year. Defensive Runs Saved pegged him a combined 19 runs above par, with both metrics grading him highly in both center and the corner outfield. Varsho doesn’t have a great throwing arm — part of the reason he’s increasingly moved off catcher in the first place — but he’s an athletic, rangy defender who can cover anywhere in the outfield and occasionally factor in at catcher if needed.

Varsho qualified for early arbitration as a Super Two player this winter. MLBTR contributor Matt Swartz projects him for an affordable $2.8MM salary, and he comes with four remaining seasons of club control. Between the all-around production and affordable window of control, the trade appeal with Varsho is immense.

That’s not true to the same extent for the Snakes’ other outfielders, but there’s still a fair amount of appeal. Jake McCarthy is a former supplemental first-round draftee, but most prospect evaluators believed he’d be better suited for fourth outfield duty. While that may wind up being the case, the 25-year-old outperformed that projection in 354 plate appearances this past season. McCarthy hit .283/.342/.427 with eight home runs and stole 23 bases on just 26 tries. His average exit velocity and hard contact percentage are a bit below-average, and the offensive profile was propped up by a .349 batting average on balls in play. The Virginia product is an excellent baserunner who’s athletic enough to cover all three outfield spots, though, and he generally has a solid offensive track record in the minors. McCarthy still hasn’t reached a full year of service time and is controllable through 2028.

Alek Thomas offers a similar profile but is a different story, in that he’s been a top prospect who has yet to find much MLB success. The sport’s #32 prospect heading into 2022 according to Baseball America, Thomas debuted in May. He spent most of the year as their primary center fielder but struggled, hitting .231/.275/.344 through 411 plate appearances. He didn’t draw many walks or drive the ball with much authority, and the tough line led to a demotion back to Triple-A at the end of the season. Thomas won’t turn 23 until next April and is a career .313/.389/.499 hitter in the minor leagues, though. He’s regarded as a potential plus defensive center fielder with strong contact skills. Like McCarthy, he has yet to reach even one year of MLB service.

The trio of Varsho, McCarthy and Thomas is certain to draw the most trade interest, but Arizona also has Pavin Smith and Dominic Fletcher as depth options on the 40-man roster. Smith hasn’t done much at the MLB level but is a former top ten pick. Fletcher is a .296/.358/.467 hitter in the minors and was added to the 40-man at the end of the season to keep him out of the Rule 5 draft. A trade involving either player wouldn’t be as significant as a move involving their top trio, but it’s possible the Snakes find some interest in both.

The extended windows of club control for each of McCarthy, Varsho and Thomas could make them of interest to teams at varying levels of the competitive cycle. That’s highlighted in the wide array of clubs that have checked in with Arizona. Milwaukee, Houston, Toronto, the White Sox and the Yankees are all win-now teams known to be looking for ways to plug a gap in center and/or a corner outfield spot. Houston is known to be in search of a left-handed bat, in particular.

Miami is behind that quintet from a competitive perspective. Still, the Fish are hoping to improve their offense to take a step forward in 2023, likely by subtracting from their enviable rotation depth. The Marlins are without an obvious center fielder on their MLB roster at present, with players like Jesús Sánchez, Bryan De La Cruz and JJ Bleday stretched there defensively. Miami and the D-Backs have linked up on a swap of young players before with the Jazz Chisholm/Zac Gallen deal, although that was orchestrated by the previous Marlins front office.

Oakland and Cincinnati are firmly amidst rebuilds, making them somewhat surprising fits at first glance. Yet the opportunity to acquire a pre-arbitration key piece at least opens the door for teams that are more traditionally “sellers” to gauge the market. A’s GM David Forst told reporters this week that acquiring players at or near the majors is “at the top of our to-do list” (via Melissa Lockard of the Athletic). Reds GM Nick Krall similarly indicated at the GM Meetings the team was considering trade possibilities involving prospects or “lower cost, more controllable players in the big leagues” (link via Bobby Nightengale of the Cincinnati Enquirer).

There are a number of ways the discussions could go, but it seems clear Arizona would want MLB-ready talent in return. Hazen flatly rejected the notion of trading any of their outfielders solely for prospects last month, and Piecoro writes they could look for infield or catching help in discussions — with particular emphasis on adding some right-handed punch to the lineup.

2022 Rule 5 Draft Results

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The 2022 Rule 5 draft will begin at 4pm Central time today at the Winter Meetings in San Diego. This will be the first time since 2019 that the meetings will be held in person, as the 2020 edition was virtual because of the pandemic and the 2021 draft was cancelled entirely due to the lockout.

As a refresher, the Rule 5 draft is a way for players potentially talented enough for the big leagues but blocked by their current clubs to find opportunities elsewhere. Any players that were 18 and under at the time of their original signing and were signed in 2018 or earlier, and any players 19 or older and signed in 2019 or earlier, who are not on a club’s 40-man roster are eligible to be selected in the Rule 5 draft.

The clubs will draft in reverse order of the 2022 standings, with no club obligated to make a selection when it’s their turn. If they do make a pick, they will have to pay $100K to the team they select from. The selected players must stay on the active roster (or injured list) for the entire 2023 season or else be placed on waivers. If they clear waivers, they must be offered back to their original team. They cannot be optioned to the minors. The most recent edition in 2020 saw some notable names move around, such as Akil Baddoo going from the Twins to the Tigers while Garrett Whitlock went from the Yankees to the Red Sox.

This post will be updated with the results as they come in…

First Round

1. Nationals: RHP Thad Ward (Red Sox) (hat tip to Jonathan Mayo of MLB.com)
2. A’s: 1B Ryan Noda (Dodgers)
3. Pirates: LHP Jose Hernandez (Dodgers)
4. Reds: OF Blake Sabol (Pirates); Reds later traded Sabol to Giants for cash or a player to be named later
5. Royals: pass
6. Tigers: RHP Mason Englert (Rangers)
7. Rangers: pass
8. Rockies: RHP Kevin Kelly (Guardians); Rockies later traded Kelly to Rays for cash considerations
9. Marlins: RHP Nic Enright (Guardians)
10. Angels: pass
11. D-backs: pass
12. Cubs: pass
13. Twins: pass
14. Red Sox: pass
15. White Sox: RHP Nick Avila (Giants)
16. Giants: pass
17. Orioles: RHP Andrew Politi (Red Sox)
18. Brewers: RHP Gus Varland (Dodgers)
19. Rays: pass
20. Phillies: RHP Noah Song (Red Sox)
21. Padres: LHP Jose Lopez (Rays)
22. Mariners: RHP Chris Clarke (Cubs)
23. Guardians: pass
24. Blue Jays: pass
25. Cardinals:RHP Wilking Rodriguez (Yankees)
26. Yankees: pass
27. Mets: RHP Zach Greene (Yankees)
27. Braves: pass
29. Astros: pass
30. Dodgers: pass

Second Round

  • All teams passed

The minor league phase of the Rule 5 draft also occurred this afternoon. Those players will not go onto the selecting teams’ 40-man roster. A few former major leaguers changed uniforms. They include Hector Perez from Baltimore to the Rays, Josh Palacios from the Nationals to the Pirates, Jared Oliva from the Pirates to the Angels, Nick Burdi from the Padres to the Cubs, Peter Solomon from the Pirates to the D-Backs and Jonathan Arauz from the Orioles to the Mets.

Padres Made Strong Offer For Aaron Judge

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3:22pm: Although Ken Rosenthal of The Athletic doesn’t say exactly how far the Padres went in their Judge pursuit, he reports the team did not offer Judge $400MM.

9:25am: Bob Nightengale of USA Today reports that the Padres’ offer was $400MM over 10 years.

9:15am: The Aaron Judge bidding was widely believed to be a two-team battle between the Yankees and Giants. In the end, Judge is returning to the Bronx but there was a surprise third team that sat down at the table. Judge reportedly flew to the Winter Meetings in San Diego and met with the Yankees, Giants and Padres, per Jeff Passan of ESPN. The Padres came in with a “significant” offer, according to Mark Feinsand of MLB.com, while Jon Morosi of MLB Network reports that Judge turned down higher offers elsewhere to return to the Yanks. A report from Ken Rosenthal and Dennis Lin of The Athletic indicates that Judge met with Padres owner Peter Seidler and president of baseball operations A.J. Preller but “it is believed they never got the chance to make a formal bid.”

The fact that the Padres came close on Judge is noteworthy since this is the second time this week that they have reportedly been willing to put a massive deal in front of a player. After Trea Turner signed with the Phillies for $300MM over 11 years, it was reported that the Friars actually made Turner a higher offer of $342MM. The specifics of that offer aren’t known, so it’s possible that it contained deferrals or options that would change the context, but it was surely a huge number regardless. The details of what they floated to Judge aren’t known either, but since Judge is in agreement with the Yankees for $360MM over nine years, it can be fairly assumed that the Padres were willing to get somewhere in that vicinity.

The Padres have never really been considered heavy hitters when it comes to baseball spending, but they have completely changed that reputation in recent years. Up until recent years, they had only once had an Opening Day payroll in nine-figure territory, which came back in 2015, according to Cot’s Baseball Contracts. They started ramping that up with big free agents deals for Eric Hosmer and Manny Machado, a massive extension for Fernando Tatis Jr., and a whole host of trades for stars on other teams. As a result, their Opening Day payrolls jumped to $174MM in 2021 and $211MM in 2022 and they ended up paying the luxury tax in both of those years thanks in part to in-season trades.

This week’s offers to Turner and Judge seem to indicate that they still haven’t reached the ceiling of where they are willing to go. Roster Resource pegs their 2023 payroll at $210MM with a competitive balance tax figure of $230MM. Signing Turner or Judge would have likely adding something around $30-40MM to each of those numbers. It’s possible they could have then looked to lower them by making trades, but they also still have other needs on the roster to address, such as filling out their starting rotation. Since the club is likely to be a third-time payor in 2023, they will face escalating penalties this time around. Any spending over $233MM will result in a 50% tax, with a 62% tax for going over $253MM and a 95% tax on spending over $273MM.

The question now will be whether the Padres will now dedicate those resources elsewhere or if they viewed Turner and Judge as especially elite talents that were worth stretching their comfort zone. Though many top free agents have flown off the board this week, there are still plenty of them left. With Turner gone, three of the “big four” shortstops remain in Carlos Correa, Xander Bogaerts and Dansby Swanson. Signing a shortstop is a bit of a clunky fit on the roster since the Padres already have Ha-Seong Kim and Tatis, but they were willing to do it with Turner, perhaps by moving Tatis to the outfield. Would they pursue the same plan with one of the other shortstops? There’s also the starting rotation to think about, since the Friars lost Sean Manaea and Mike Clevinger to free agency. While Justin Verlander and Jacob deGrom are now signed, would the Padres consider a big splash on the last remaining ace in Carlos Rodón? With Judge off the board, the best remaining outfielder in free agency is Brandon Nimmo. Will the Padres turn their attentions to him?

Similar questions will now be asked about the Giants, as they were surely near Judge’s final price as well. Morosi reports that Judge had offers, plural, beyond what he accepted from the Yankees. Since the reporting indicates this came down to a three-team race, that seems to imply that both the Padres and the Giants were willing to go beyond the $360MM figure Judge eventually accepted.

Unlike the Padres, the Giants still have plenty of room before on their ledger before thinking about the luxury tax. Roster Resource has their payroll at $139MM with a CBT number of $156MM. Even if they added about $40MM or so with a Judge signing, they would have been well shy of the lowest luxury tax threshold of $233MM. It’s been reported for months that the Giants were interested in pursuing Judge as well as the marquee shortstops in this offseason. It now seems quite likely that they will pivot from Judge to those shortstops and be connected to them in rumors in the weeks to come. Alex Pavlovic of NBC Sports reports that this is indeed the plan, with Carlos Correa atop their list, though they will also be looking for another starting pitcher and outfielder, to pair with yesterday’s signing of Mitch Haniger.

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